Baron Silver Stevens Financial Advisors LLC Sells 349 Shares of Comcast Co. (NASDAQ:CMCSA)

Baron Silver Stevens Financial Advisors LLC reduced its stake in shares of Comcast Co. (NASDAQ:CMCSA) by 4.6% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 7,198 shares of the cable giant’s stock after selling 349 shares during the period. Baron Silver Stevens Financial Advisors LLC’s holdings in Comcast were worth $270,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. FMR LLC lifted its holdings in Comcast by 5.4% in the third quarter. FMR LLC now owns 117,420,328 shares of the cable giant’s stock valued at $4,904,647,000 after buying an additional 6,062,658 shares during the period. Charles Schwab Investment Management Inc. lifted its stake in shares of Comcast by 1.3% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 31,871,235 shares of the cable giant’s stock valued at $1,331,192,000 after purchasing an additional 416,759 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in shares of Comcast by 6.0% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 30,364,136 shares of the cable giant’s stock valued at $1,268,310,000 after purchasing an additional 1,717,762 shares in the last quarter. Ontario Teachers Pension Plan Board grew its stake in Comcast by 5.4% during the third quarter. Ontario Teachers Pension Plan Board now owns 15,983,230 shares of the cable giant’s stock worth $667,620,000 after purchasing an additional 822,936 shares during the period. Finally, Hotchkis & Wiley Capital Management LLC increased its holdings in Comcast by 4.8% in the third quarter. Hotchkis & Wiley Capital Management LLC now owns 14,918,501 shares of the cable giant’s stock worth $623,146,000 after purchasing an additional 676,920 shares in the last quarter. 84.32% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Comcast

In other news, President Michael J. Cavanagh sold 25,537 shares of the company’s stock in a transaction dated Tuesday, November 26th. The shares were sold at an average price of $42.59, for a total transaction of $1,087,620.83. Following the completion of the transaction, the president now directly owns 534,849 shares of the company’s stock, valued at approximately $22,779,218.91. This represents a 4.56 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Brian L. Roberts sold 234,464 shares of the stock in a transaction dated Tuesday, November 26th. The stock was sold at an average price of $42.66, for a total transaction of $10,002,234.24. Following the sale, the chief executive officer now owns 6,669,928 shares of the company’s stock, valued at approximately $284,539,128.48. This represents a 3.40 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.26% of the stock is currently owned by company insiders.

Comcast Price Performance

Shares of Comcast stock opened at $37.11 on Thursday. The firm has a market capitalization of $142.00 billion, a PE ratio of 9.98, a price-to-earnings-growth ratio of 1.35 and a beta of 1.01. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 1.14. Comcast Co. has a 12 month low of $36.15 and a 12 month high of $47.11. The business’s 50-day moving average price is $39.54 and its 200-day moving average price is $40.16.

Comcast (NASDAQ:CMCSA) last posted its quarterly earnings results on Thursday, October 31st. The cable giant reported $1.12 EPS for the quarter, topping the consensus estimate of $1.06 by $0.06. Comcast had a net margin of 11.92% and a return on equity of 19.81%. The firm had revenue of $32.07 billion for the quarter, compared to the consensus estimate of $31.78 billion. During the same period last year, the firm posted $1.08 earnings per share. The business’s revenue was up 6.5% compared to the same quarter last year. Sell-side analysts forecast that Comcast Co. will post 4.25 EPS for the current fiscal year.

Analyst Ratings Changes

CMCSA has been the topic of a number of research analyst reports. Deutsche Bank Aktiengesellschaft increased their price target on Comcast from $49.00 to $50.00 and gave the stock a “buy” rating in a report on Friday, November 1st. Pivotal Research raised their price target on shares of Comcast from $47.00 to $54.00 and gave the stock a “buy” rating in a report on Friday, November 1st. Loop Capital cut their target price on Comcast from $54.00 to $53.00 and set a “buy” rating on the stock in a report on Thursday, January 2nd. StockNews.com upgraded Comcast from a “buy” rating to a “strong-buy” rating in a research note on Friday, January 17th. Finally, Wells Fargo & Company lowered their target price on shares of Comcast from $46.00 to $45.00 and set an “equal weight” rating for the company in a report on Monday, January 6th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, ten have issued a buy rating and three have issued a strong buy rating to the stock. Based on data from MarketBeat, Comcast currently has a consensus rating of “Moderate Buy” and a consensus target price of $47.33.

Comcast Profile

Comcast Corporation operates as a media and technology company worldwide. It operates through Residential Connectivity & Platforms, Business Services Connectivity, Media, Studios, and Theme Parks segments. The Residential Connectivity & Platforms segment provides residential broadband and wireless connectivity services, residential and business video services, sky-branded entertainment television networks, and advertising.